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All Forum Posts by: Marian Huish

Marian Huish has started 10 posts and replied 439 times.

Post: Washington DC Attorney Needed

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 475
  • Votes 277

What particular issues are you having @Jacques Bailey?  Tenant or title related?  If your simply selling, the title company will handle the closing- no separate Atty is needed in DC.  And if you have tenants, be  sure you’re complying with TOPA… but again, no Atty needed for that!

Post: I hate my rentals- should I just sell and be done with this game?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 475
  • Votes 277

Plenty of good responses here @Tiffany Robert’s!Being a landlord is not for everyone. Assuming you have equity and canned cash out, take the money and move it elsewhere. Peace of mind is important!

Post: How do I deliver effective offers with Agents involved ?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 475
  • Votes 277
Quote from @Bruce Lynn:

So if I read or understand your post correctly you are an investor, looking for an investor friendly agent to help you make offers in Spingfield OH?

If that is correct, I like @Andrew Freeds suggestion of going to real estate investing meetups.  In my area 1/2 the people that attending are agents.  Then you just have to make enough contacts to find one that will help you do what you want to do.

The other thing you might do is make a list of brokerages and go talk to the broker or team leader in each office.  Tell them what you want to do and see if they can recommend an agent who might be interested or motivated to do what you want to do.  My thought is you might want a younger newer agent to help you.  Maybe NOT brand new, but maybe a couple years in the business who is still hungry and looking to build/expand their business.

You haven't listed your strategy, but think about how it makes sense for an agent to help you and if it is realistic for an agent to spend time on it. I regularly have people call me and say things like they want to make 100 offers a month on $100,000 properties at 50% of asking price. I'm not sure that is a great strategy to start with, but you have to think, even with templates set up and as much automations as possible, it probably takes me an 1hr to do each one. So you make offers like that maybe we get 1. So now I've spent 100hrs for a $1500 commission that I am going to split in some way with my broker and I have all the expenses of getting there, taxes, insurance, VA, phone, software, MLS dues, E&O insurance, office rent, etc etc....so maybe I net out about $600 so that is $6/hr. Potentially we could outsource that to a VA, but I haven't found one I trust enough to get it all right in a timely and accurate manner. Not to say some investors don't have good ideas or good strategies, but not always profitable ones for me to be involved. Then what happens the strange month you win 10 vs 1, but you can only buy 2....now we're scrambling around trying to get you out of 8 contracts and spending more time on deals with ZERO profit, but we still have all the same expenses. Sometimes I've suggested we agree on $50-$100 per offer up front to get started and maybe credit that on resales. If you throw your hands up at something like that, then that also tells me you are not convinced your strategy is as solid as you think it is. Can we share the risk?

One thing that would make me more interested in some of the people that want my time and expertise, would be a good business plan.  Doesn't have to be elaborate, just simple 3-4 pages of what they want to do and how they're going to get there.  Part of that should be financing....how are we going to finance this venture.  I'd like to know their expertise, their motivation, but money has to be a big part of it and that's probably the biggest piece that needs to be lined up.

One idea is for you to get licensed and do it all yourself.  Normally I don't think that is a great strategy.  I definitely believe having a great realtor can be an asset depending on what expertise you bring to the table.   However maybe that solves your problem.  If you're interested in getting licensed let me know.


Exactly! 

Post: How to find investor-friendly agent?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 475
  • Votes 277

Most on this forum should be able to help you @Alina Bar.  Search by agents in your area & do own research & screening on them!  I’ll also DM you some agents if you need some referrals-  just need more specifics about what your looking to do…. What’s your investment strategy?

Post: Realtor needed Montgomery

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 475
  • Votes 277

I’ve got some agents in Alabama who should be able to assist @Steven Whalen. Is this property you have already picked out? I’ll DM you as well.

Post: This can’t be right……. is it that easy to make money as a real estate agent?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 475
  • Votes 277

Being a Realtor is about much more than cold callig @Mike Schorah, as many have already pointed out.  Also, while selling real estate is largely local, it is possible to be a virtual realtor and scale your business not only nationally but internationally.  I have done so and have proven that it’s possible to scale virtually without having an official ‘team’ that I am responsible for managing and compensating.  I have sponsored 36 agents in 10 different states and the company actually compensates ME for doing so!  Each time those agents have a sale, I get paid, much as a broker does but without either the responsibility or liability.  And after 20+ years of experience, I am well positioned to support those agents by sending leads, etc. regardless of where I am licensed.  It’s actually a brilliant business model that many have’poo-pood’ as an MLM. I believe it’s much better than building a team, training them only to have them leave and become your competition!  eXp Realty also allows wholesaling, depending on which state you operate in. Well worth looking into… All the best.

Post: I have cash but no job. What would you do?

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 475
  • Votes 277

How refreshing to read your post @Chelsea Price!   Congrats on living such a modest, debt-free life and for wanting to honor your grandfather by caring for your inheritance. …and how well written!  Perhaps you should be a writer!?  😉. Do you perhaps have a family member or close friend that you can partner with to help you qualify for a loan?  I.e,., someone with a good job and good credit!?   $200K is a substantial down payment that most new investors don’t have.  I would look for a turnkey rental… many condos are sitting longer on the market and there are motivated sellers out there!  While condos have monthly condo fees, those are a write-off and you’ll spend little to no money rehabbing or maintaining the property!  (Speaking from experience!). Im also in the DMV and am happy to chat and/or help you along as you seem like an admirable person!  Wishing you continued success!

Post: Selecting a brokerage firm (Newly licensed)

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 475
  • Votes 277

Congratulations on getting your real estate license @Sasi Kumar!  Many  brokerages expect you to be full-time as they want you fully committed to your new career. EXp Realty is a good option as that is not a requirement and in fact, you’ll have access to online live and recorded trainings 24/7 in our virtual office environment.  You’ll also have a mentor assigned to you who will work closely with you on your first 3 transactions and you’ll have access to 88,000 agents who collaborate in our local Netwerk as well as at live events.  If you are an investor, you’ll be entitled to up to 3 personal  transactions/year at 100% commission to you.  As it sounds like you’re somewhat familiar with eXp, I’m sure you’re aware of the other benefits, however, I’m happy to have a conversation should you have any questions. I’ve been investing & selling for over 20 years. Started at a bricks and mortar brokerage and have been at eXp for 5 1/2 years. Best professional decision I’ve ever made!  All the best.

Post: How to use prior client list to market real estate services.

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 475
  • Votes 277

This is the best place to start with building your database @Jason K.  you can basically start with an Excel spreadsheet and then move it to any number of CRM to market your database from.  Assuming you are currently with a broker, I would reach out to them for advice.  I use KVcore which is one of the top rated CRM‘s for organizing your database and keeping in touch with your leads. I’ve also used others in the past and would be happy to chat. All the best!  

Post: Big Change Coming, Commission Lawsuit

Marian HuishPosted
  • Real Estate Broker
  • DC MD, VA & NV
  • Posts 475
  • Votes 277

Thanks for posting this @Joshua Ricker- yes, I have been watching and it certainly will shake up the industry. I see buyers that cannot pay for representation to simply work with listing agents. Depending on the market, it will certainly hurt buyer agents, brokerages, buyers and the MLS's themselves who's primary existence has been offering broker cooperation. There'll be more pocket listings and posting of listings on alternate portals that don't require MLS fees. I also believe this will further the wealth gap as a result of new buyers not being able afford to get into the market.